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Movement accuses Summit founder Todd Scrima of corporate espionage

Housing Wire

South Carolina-based retail lender Movement Mortgage filed a lawsuit this week against Todd Scrima, founder and president at its competitor Summit Funding , accusing him of gaining illegal access to Movement’s confidential financial files and also scheming to divert Movement’s customers toward Summit. 12 in the U.S.

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Ex-Summit executive: I was fired after blowing the whistle on illegal recruiting methods

Housing Wire

A former top executive at Summit Funding has sued the lender, claiming he was wrongfully terminated after confronting the company’s leadership about allegedly illegal business practices involving its founder and president, Todd Scrima. A representative at Summit did not immediately respond to a request for comments.

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Movement sues Summit, former veteran sales executives for poaching

Housing Wire

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. division Chris Shelton parted ways after more than a decade working at the company to join Summit. In reaction, Movement filed a lawsuit in a U.S.

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California-based Summit Funding to cut 72 staffers

Housing Wire

Sacramento, California-based mortgage lender Summit Funding Inc. Summit is cutting, among others, 11 closing jobs, 10 underwriting staff, nine funding employees and eight senior underwriters, the WARN shows. . Messages left with executives at Summit were not immediately returned. Summit originated $5.2

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Alex Kutsishin to speak at Spring Summit

Housing Wire

Alex Kutsishin, CEO & co-founder of Sales Boomerang , will speak at HousingWire’s virtual Spring Summit on March 4, diving into what a two-year study reveals about the importance of borrower retention. The focus of the Spring Summit is The Year-Round Purchase Market.

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Logan Mohtashami to speak at Spring Summit

Housing Wire

HousingWire ‘s Lead Analyst Logan Mohtashami will discuss which elements and constituents are moving the economic market this year at HousingWire’s Spring Summit on March 4. The focus of the Spring Summit is The Year-Round Purchase Market. The post Logan Mohtashami to speak at Spring Summit appeared first on HousingWire.

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U.S. Bank’s Fred Bolstad to speak at Spring Summit

Housing Wire

Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. The Summit’s packed agenda has 14 sessions, with topics including: Mortgage disruption outlook Servicing challenges in a pandemic period eClosing/RON update A new regulatory regime. The post U.S.

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